Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
0Activity
0 of .
Results for:
No results containing your search query
P. 1
Weekly, 30.03.13

Weekly, 30.03.13

Ratings: (0)|Views: 1|Likes:
Published by Angel Broking
1st April, 2013
1st April, 2013

More info:

Categories:Types, Business/Law
Published by: Angel Broking on Apr 01, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

04/01/2013

pdf

text

original

 
March 30, 2013
For Private Circulation Only |
 Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP00000154 6 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946
1
TTTTTechnical Picks |echnical Picks |echnical Picks |echnical Picks |echnical Picks |
The opening session of the expiry week started off on a quietnote in-line with mixed global cues. Indices then showed someearly signs of bounce back but strong selling pressure resultedin sizeable intraday correction of nearly one-and-half percentfrom the day's high. However, indices managed to hold theirstrong support zone of '200-day SMA' and 'Downward SlopingTrend Line' for the day and the rest of the week as well. OnThursday, the volatility was seen on the back of Derivative expiry.In this process, indices soared during the latter part of the sessionto end the week well above the mentioned support levels. Duringthe week, Consumer Durable, Banking and Metal sectorsdefended our benchmark indices; whereas Capital Goods, Autoand Oil & Banking counters remained under pressurethroughout the week. The Sensex and the Nifty ended the weekwith a very nominal gain of 0.53% and 0.55%, respectively.
Pattern Formation
The '20-day EMA' and the '20-week EMA' are placed at19094 / 576619094 / 576619094 / 576619094 / 576619094 / 5766 and19161 / 580119161 / 580119161 / 580119161 / 580119161 / 5801 levels, respectively.
The '200 Day SMA' is placed at18556 / 562718556 / 562718556 / 562718556 / 562718556 / 5627.
The 'Lower Top Lower Bottom' formation on weekly chart isstill intact.
 We are witnessing a 'Downward Sloping' trend line supportdrawn by joining the lows of December 18, 2011 andMarch 04, 2013.
The daily momentum oscillators viz, the 'RSI' and 'Stochastic'are signaling a positive crossover.
Future Outlook 
This week, we witnessed a very narrow trading range for thebenchmark indices. As mentioned in our earlier report, the'Downward Sloping Trend Line' and '200-day SMA' provideddecent support to our benchmark indices. Despite a couple ofdecent attempts, the bears were unsuccessful in violating thestrong support level of18525 / 560018525 / 560018525 / 560018525 / 560018525 / 5600. In fact, indices managedto bounce sharply during the last hour of the week to register aweekly close marginally in the positive territory. We are nowobserving that the daily 'RSI' and 'Stochastic' oscillators havesignaled a positive crossover. Hence, a move beyond Thursday'shigh of18883 / 569318883 / 569318883 / 569318883 / 569318883 / 5693 may push indices higher to test nextresistance levels of19094 - 19210 / 5766 - 582019094 - 19210 / 5766 - 582019094 - 19210 / 5766 - 582019094 - 19210 / 5766 - 582019094 - 19210 / 5766 - 5820. On theflipside, we maintain our view that only a sustainable movebelow18525 / 560018525 / 560018525 / 560018525 / 560018525 / 5600 would justify a bear case scenario andmay drag indices lower to test18255 - 17800 / 5548 - 544118255 - 17800 / 5548 - 544118255 - 17800 / 5548 - 544118255 - 17800 / 5548 - 544118255 - 17800 / 5548 - 5441levels.
 Source: Falcon
Exhibit 1: Nifty weekly chart
1
 Source: Falcon
Exhibit 2: Nifty Daily chart
Bulls successfully defend 5600 mark - Bounce on cards
Sensex (18836) / Nifty (5683)
 
March 30, 2013
For Private Circulation Only |
 Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP00000154 6 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946
2
TTTTTechnical Picks |echnical Picks |echnical Picks |echnical Picks |echnical Picks |
Technical Research Team
Weekly Pivot Levels For Nifty 50 Stocks
SCRIPS
19,16719,00118,78518,61918,4035,7825,7325,6695,6195,55511,63911,50111,27511,13610,9101,1861,1721,1571,1441,1281871811731671595,0764,9974,9224,8424,7681,3611,3311,3041,2741,2471,8821,8411,7981,7561,7137086926726556353042982922852791881821781731693923853773693612932832752652573903853813753713203153042992882562452372262181,8291,7981,7651,7331,7003433313163032882,9672,8902,8452,7682,7238328137877687428488378198087906486376206085911,7241,6331,5751,4831,42596949088854844764674584501,0891,0671,0351,0139801521481421381332,9372,9132,8732,8492,80931631330730429837436135033732668676563616806666466336131,4611,4141,3741,3261,2866526406286166049008818608418211,3561,3191,2921,2551,2291471441421401383233173083022937637407227006821081071051041024664524374244098468097877507283733493323082912,1732,1232,0752,0251,977162159154151147592570542521493837828821812806283276271264260100989694923423273143002861,6181,5971,5631,5421,5081,9371,9031,8601,8261,783451444435428420R2R2R2R2R2R1R1R1R1R1PIV PIV PIV PIV PIV OOOOOTTTTTS1S1S1S1S1S2S2S2S2S2SENSEX NIFTYBANKNIFTY ACC AMBUJACEM ASIANPAINT AXISBANK BAJAJ-AUTOBANKBARODA BHARTIARTLBHELBPCLCAIRNCIPLA COALINDIA DLFDRREDDYGAILGRASIMHCLTECHHDFCHDFCBANK HEROMOTOCOHINDALCOHINDUNILVR ICICIBANK IDFCINFOSYSTCHITCJINDALSTELJPASSOCIATKOTAKBANK LTLUPINM&MMARUTINTPCONGCPNBPOWERGRIDRANBAXYRELIANCERELINFRA SBINSESAGOA SIEMENSSUNPHARMA TATAMOTORSTATAPOWER TATASTEELTCSULTRACEMCO WIPRO

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->